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last november and yet he really trounced mitt romney. so in addition to the messaging problem that the republican party clearly has, there's also a demographic problem that they face and that's why you had the soul searching. it was necessary not only to reassure the party activists, but also i think to get donors reassured, as well. there was a risk there that some people were going to stop giving money to the republican party. >> when i talked to ari fleischer in our last hour, he said the message that we have to have is that it's a big tent and here's what he said. >> both parties have these issues. for the republican party, what it means is that republicans need to adhere to our conservative message, our conservative core, but do so in a way that invites other people to join in. we can not do it in a way that pushes people out or says they're not welcome. that's been a real republican problem. we give people the impression that they're not wanted. the power of conservative is that it's an attractive position, it should bring people in because it's how you make it, that's h
presidential election, mitt romney and paul ryan both told us that there were trillions of dollars of tax breaks for very wealthy people, they proposed to eliminate them as part of tax reform where they reduced the rate. we say, let's take some of that revenue to help reduce the deficit, combined with other targeted cuts. >> be more specific for me. when you talk about tax loopholes and the very wealthy. which specific loopholes and what is very wealthy? >> sure, sure, these are, when you're in the highest tax bracket, you're in the 39% tax bracket when you get a deduction, whatever it may be for, you get 39 cents worth of deduction. whereas somebody who is in the 28% tax bracket only gets 28 cents deduction for that particular deduction. so what we're saying and this is similar to a proposal the president's put forward, is that for folks who are in that very high bracket, the 39% bracket, the value of your deductions will be limited to about 28% which is what the value of deductions is for a middle income taxpayer. >> so ultimately, the budget that you have there and i just read the litt
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